Germany’s Uniper posted a record $39.3 billion net loss, reflecting expected future losses in the wake of Russia’s move to halt supplies
Russian unit draws possible buyers' interestreported a record 40 billion euro net loss in the first nine months of this year, the biggest in German corporate history, after Russia stopped its supplies.
It also marks the biggest loss in German corporate history, according to Mark Spoerer, who holds the chair for economic and social history at the University of Regensburg, even dwarfing more recent outliers such as the 25 billion euros Deutsche TelekomSince the start of the year shares in Uniper have lost 93% of their value, giving it a current market value of 1.1 billion euros, down from 15.2 billion euros on Jan. 3.
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